Libra

Libra

To See Libra’s Potential, Look at the Philippines, Not the US

Some have written off Libra as a watered-down project. But you can see its potential in places where Facebook use is high and payment standards are low.

Policy & regulation  ·  26 May 2020
Facebook

Facebook’s Toothless Oversight Board Has Lessons for Blockchain

Facebook's new "oversight" board includes impressive names, but its formal powers are necessarily limited. There are learnings for blockchain governance.

Policy & regulation  ·  20 May 2020
Hires

Libra Taps Another Former FinCEN Official as General Counsel

Robert Werner is the second former FinCEN staffer to join the Libra Association this month.

Business  ·  19 May 2020
Libra

First State-Owned Entity Joins Libra Association

Temasek, one of Singapore’s two state-owned investment vehicles, is among the latest firms to join the Libra Association, the consortium Facebook set up to create a global digital currency.

News  ·  14 May 2020
Fireblocks

FireBlocks CEO Pours Cold Water on Libra Excitement

FireBlocks' CEO was quick to dampen enthusiasm for libra.

News  ·  12 May 2020
News Roundup

Blockchain Bites: Introducing the CoinDesk 50 and a Roadmap to Consensus: Distributed

In the news: a new blockchain voting proposal, Cash App's bitcoin profits and why we're sooner having a halving.

Business  ·  7 May 2020
Libra

Libra Association Names HSBC Chief Legal Officer as First CEO

The Libra Association named HSBC Chief Legal Officer and former U.S. Under Secretary of the Treasury Stuart Levey as its new CEO. Levey will take the reins later this year.

News  ·  6 May 2020
Facebook

Cross-Border Payment Portal Checkout.com Is Latest to Join Libra Association

Checkout.com, a digital payment processor that focuses on cross-border transactions, has become the 24th member of the Libra Association.

News  ·  28 April 2020
Research

Libra Has a Flawed Crisis Model, Says Ex-IMF Economist

Libra's revised whitepaper resembles clearinghouse certificates that the U.S. used to prevent bank runs before the Federal Reserve was created, a former IMF economist says.

News  ·  28 April 2020
CBDCs

Facebook’s ‘Scaled Back’ Libra Proposal Is More Dangerous Than You Think

With stablecoin announcements from China and Libra in the same week, the war over the future of money is reaching a new height, says our columnist.

Markets  ·  21 April 2020
Libra

Heifer International Joins Libra Association to ‘Support Financial Inclusion’

Heifer International has joined the Libra Association, just days after the group modified its stablecoin vision to focus on a series of single-currency tokens rather than one basket-backed version.

News  ·  20 April 2020
Facebook

Facebook Affirms Libra Commitment With 50 New Job Openings in Ireland

Libra may have been scaled back but Facebook is significantly expanding the team working to support the stablecoin project.

Business  ·  20 April 2020
Regulation

US Lawmaker Calls Libra’s Revamp Insufficient

Rep. Sylvia Garcia's comments suggest libra's roots as a Facebook initiative remain a political liability despite the consortium's steps to sate critics.

Policy & regulation  ·  17 April 2020
China

Libra vs. DCEP? The Battle for the Future of Money Heats Up

NLW breaks down libra’s new fiat-pegged model, DCEP’s trial app and China’s Blockchain Service Network

People  ·  16 April 2020
Stablecoins

Libra Scales Back Global Currency Ambitions in Concession to Regulators

The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies.

Business  ·  16 April 2020